FOOD PRICES: KILLING SENIORS SLOWLY..........

Ever get tired of Oldcatman bitching about what Obama and the Federal government have been doing to Social Security and other senior benefits?

Tough shit.

Let me explain, I realize that everyone in the country is 'suffering' from today's economy BUT there is one basic difference between seniors and the rest of YOU!

I can not change my financial status--I certainly can not go back to work with
at my age and physical condition.......my monthly income is FIXED forever!

The rest of YOU can amend your situation by getting a part time job or put your old lady to work!

YOU don't agree with me?

TOO FUCKING BAD!

YES, I AM ANGRY!!!!

Oldcatman
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Global food prices continue to rise. The World Bank’s food price index increased by 15% between October 2010 and January 2011 and is only 3% below its 2008 peak. The last six months have seen sharp increases in the global prices of wheat, maize, sugar and edible oils, with a relatively smaller increase in rice prices. Higher global wheat prices have fed into significant increases in local wheat prices in many countries. Higher maize, sugar, and oil prices have contributed to increase the costs of various types of food, though local maize prices have largely been stable in Sub- Saharan Africa. Local rice prices have increased in line with global prices in some large rice-consuming Asian countries. These food price rises create macro vulnerabilities, particularly for countries with a high share of food imports and limited fiscal space, as well as increases in poverty. Estimates of those who fall into, and move out of, poverty as a result of price rises since June 2010 show there is a net increase in extreme poverty of about 44 million people in low- and middle-income countries. In the immediate term, it is important to ensure that further increases in poverty are curtailed by taking measures that calm jittery markets and by scaling up safety net and nutritional programs. Investments in raising environmentally sustainable agricultural productivity, better risk-management tools, less food intensive biofuel technologies, and climate change adaptation measures are all necessary over the medium term to mitigate the impact of expected food price volatility on the most vulnerable.

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